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Item C2 LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: January 20, 2000 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval of contracts to purchase property - Long Beach Estates. Item Background: This purchase is proposed to protect property rights and natural resources. Part of Long Beach Estates subdivision on Big Pine Key is zoned Improved Subdivision (IS), designated Residential Medium (RM) on the Future Land Use Map, and located in the National Key Deer Refuge. The vegetation on these lots includes beach berm, tropical hardwood hammock, and wetlands. The shoreline is a turtle-nesting beach. Restrictions imposed by the Comprehensive Plan on this area include negative points under the rate of growth ordinance (ROGO), a limitation of 8 dwelling units per year for the Big Pine/No Name Key area, and level of service requirements that have resulted in a building moratorium for traffic-generating development. Funding for this purchase will come from the State's Preservation 2000 program, which will restrict future use of the property to conservation and public recreation. The Land Authority's standard purchase contract will be used, The property's current assessed value totals $103,852. The agenda packet spreadsheet lists the legal description, purchase price, and closing costs for this transaction. Advisory Committee Action: The purchase price listed in the agenda packet spreadsheet is consistent with the guidelines approved by the Advisory Committee on 10/20/99 by a 4/0 vote. Previous Governing Board Action: The Governing Board has approved many purchases on Big Pine Key to address property rights issues. Staff Recommendation: Approval. Total Cost: $ 192,090,00 Budgeted: Yes X No Cost to Land Authority: $ 192,090.00 Approved By: Attorney ~ OMB/Purchasing _ Risk Management Executive Director Approval: ^\. ~r~:::- Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item LA #2a Property Long Beach Estates Lots 17 & 18, Section A (McNeil Brcs" Inc,) C:\DA T A\LA\AgendaSheet.XLS Purchase Price $190,000,00 PURCHASE CONTRACTS 1/20/2000 Environmental Audit N/A Title Insurance $1,125,00 Attorney Fee $950.00 FY 00 Preservation 2000 Fund Less Previous Encumbrances Less Proposed Encumbrances Unencumbered Balance Recording Fee $15.00 Acquisition Total $192,090.00 $3,500,000,00 ($1,221,188.99) ($192,090.00) $2,086,721,01 <( ~~ Oeo ...J u.. W ~ ;;f~~ <( o c;: o ...J u.. u.. o en t::: ~ ~ W Q~ 0::.:: ::> o ~~ u.. <( 0::0 W...J> 3:o::w 0<(::':: .....10 ::> en ::::ELn :5..... :50 :=..... "" '~4 /' I , J "-;;.. / ''''O~ / ",..,~ / I \. ",,"" , .;' / / " /' '\ ~ '\"\. I I It ./ V \ ", ,./"- \... '-7\ . ,./"- \"'-:\. -(Jl "~ oS~",,~ ..,,,,,. ~ ~~~ "00 ., ): ". ~o ~I ~~ ~(A, >It,> ~ I'.s ~,<l,J~<,~ \1" , , -?~; /<'-lJ ClO c:/...o O~ L o '7 Q .1>'"> ~ - il)_ "'"'>- :t ,., ~o)o~ c "l... (,Ir- 1:po ... "11)' c,. <'><Jo -i ('1 ~~" q -;-{o .- 0_< ozo -i zlJl~ ... (I "'0 ..... l' -l f' f" - 0'0 ~:J "'~ -::", -;'" 1-1 Jl~ C):I VC q, Go A<9 /(;' ~..>-- ,..... ~'\/ o -I JJ o 1~~ (J, IJJ ~-: ~ (l L'-l. L'-l. rJ ~ ~. t'~ r-.. .... Jj '-J.... to ( I J>'~. 1,:-IlJI _ --! ,r-.. 6" ~ ,.,. 01 IJ' .\1..1>0,( ~ ..,- * -I ~ f'1 o ---. -A.f'1 :z l'-l. ~ ... ~ ti.l. en ~ ~ .....,... v~ ~ '\. Li.l, (Ji ., ~~" ~ -z- -z- ~ ~ ,,\ 'V ./" \. r-, ~ .:.;:::... \..:' ,"':;.. Ul t-\. '(~ \. '--- ? "'- .)Z .... \. \ ,"- '.,. -""\. \. '" f ../' "J-.- "'~o . .........1 'C""'"\. y U\ ""\"\ ......-'\. D... '"9', ......-'\. 'C"'\.\. Ui. -- ------ ~(\ 'J ~':) ~ ~<..n~ ~~~ ~4.~. ~~~ ~)::> ~ ~~~ ~~~ ~~~~ -:s:- ~~ -,:.. -- -- --